January 21, 2020

The Daily Bankruptcy News

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Law:

BigLaw firm to merge with New York-based law firm
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BigLaw firm sues Missouri for alleged failure to pay full incentives for jobs it created
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The Legal Career Of The Obscure First Masked Crime Fighter
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Biglaw Partner Allegedly Fired For Faking Invoices To Pay Golf Fees
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Oklahoma Attorney Disbarred for Misappropriating Client Funds
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9 habits that can instantly destroy your reputation, according to these self-made millionaires
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Redesigning The Law
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Americans Now Averaging Less Than 6 Hours Of Sleep Per Night
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Disney’s Longtime Legal Chief Earned $14 Million in 2019
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Nelson Mullins Sued for Malpractice by Florida Couple
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President Trump lashes out at Apple for refusing to help the FBI unlock a shooter's iPhones: 'They will have to step up to the plate and help our great Country, NOW!' Some at FBI reportedly agreed with Tim Cook that Apple offered plenty of help during investigation into terrorist's iPhone, contradicting Attorney General Barr
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William Barr Goes After Trump's Enemies
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Avenatti's Legal Troubles Resemble Trump More Than Either Would Like to Admit Avenatti allegedly took settlement money from football fans
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Lawyer Behind Flynn's Scorched Earth Moves
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Ignoring History, The FBI Celebrates Martin Luther King Jr. Day in a Tweet
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Trump Struggled to Read the Constitution, Said It Was ‘Like a Foreign Language’: Book
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The controversy over New York’s bail reform law, explained New York’s bail reform disaster is about to become a major election issue
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"Birth tourism" is Trump's next immigration target
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Judges Hold Off on Trump Tax Return Cases
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Amtrak faces pressure to explain why an employee asked an NAACP lawyer to give up her seat
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Illegal border crossings plummet as Trump forces more asylum seekers to wait in Mexico Thousands camp in Guatemala as Mexico blocks migrant path Trump invited states and localities to bar refugees; a judge says he can't do that Children go missing as Central American migrants clash with Mexican forces Caravan of 3,000 Tests Pact With Trump The private border wall being built on the Rio Grande
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Tennessee Gov. Lee to sign anti-LGBTQ adoption bill despite Amazon, Nike opposition
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Trump tweets in support of pro-gun activists ahead of Virginia rally Virginia braces for unprecedented show of force by gun-rights activists Virginia Braces for Enormous Gun Rally Monday A look at expected participants in Virginia gun rally A tense debate over guns in Virginia Beach, still reeling from a mass shooting FBI arrests three more members of right wing extremist group 'The Base' What is The Base? FBI arrest of alleged white supremacists puts focus on extremist group Virginia Pro-Gun Rally was Peaceful
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Honolulu shooting leaves two officers dead, homes torched, police say
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Teenage Son Kills 4 Family Members in Utah
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The Secretive Company That Might End Privacy as We Know It
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The Bizarre Fight Over a Wealthy Biochemist’s Frozen Head Keeps Getting Weirder
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Holiday shopping stress?
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Former Deputy Charged with Allegedly Fabricating Story He Got Shot at by Sniper
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New App Lets Strangers Find Your Name, Info By Snapping Photo! - Compares Image To Database
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Customs to Roll Out Facial Recognition at all Airports...
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Religious-schools case heads to a Supreme Court skeptical of stark lines between church and state
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Homeless man who lives in cardboard boxes says state law gave him the right to defend his home
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Reverse Search Warrants and Smartphones
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Judges:

Nixon’s Former WH Counsel: Chief Justice Should 'Kill' McConnell’s Impeachment Trial Schedule
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Roberts Expects 'Business as Usual' at SCOTUS as Impeachment Trial Ramps Up
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Trump judge lashes out at a transgender litigant in a surprisingly cruel opinion
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Judge’s Polarizing Dissent in Climate Change Case Could Land Her on a SCOTUS Shortlist
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‘Showman’ Judge Has Already Paved the Way for Harvey Weinstein Appeal, Legal Expert Says
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Wall Street:

US futures point to a lower open
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Global markets rocked by virus concerns
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Stocks close at record highs again as rally rolls on into new year
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A theory on who’s doing all the buying that’s pushing stocks higher and higher
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Stanley Druckenmiller is still bullish the market because of the Fed and Trump
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Wealthy investors see nothing that will stop this relentless bull market
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Earnings will decide whether the market continues to hit new highs after another week of records
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Layoffs:

“THOU SHALL NOT LEAVE”—A New Jersey Bill Awaiting Signature By the Governor Would Dramatically Re-Write Existing Mass Layoff Laws
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Google CEO calls for regulation of artificial intelligence
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Navistar to lay off 106 workers
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JCPenney laying off nearly 250
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Student Debt:

Is Student Loan Debt Now Dischargeable Through Bankruptcy? It's Complicated
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Maybe Borrowers Can Escape Student Loan Debt: New York Bankruptcy Court Reinterprets the Brunner Undue Hardship Test
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Proposals would make some student loan debt dischargeable in bankruptcy
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IRS offers tax relief for student loan debt discharges
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Politics:

Divided nation grapples with King's legacy
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House managers: Trump poses an “immediate threat to the nation and the rule of law” House managers cite 'overwhelming' evidence against Trump in their brief to Senate Lawyers, GOP Pull Out All Stops to Keep Bolton from Testifying Trump’s lawyers, Senate GOP allies work privately to ensure Bolton does not testify publicly Former Bush WH Ethics Lawyer on Trump’s Blatant Lie About Bolton Testimony: ‘He Has Lost It Psychologically’ McConnell's Proposed Trial Rules McConnell’s Proposed Impeachment Trial Rules Are ‘Big Change from the Clinton Rules’ McConnell calls for two 12-hour days of opening arguments per side in Trump impeachment trial 'This isn't a trial - it's a cover-up!' Chuck Schumer rages against Mitch McConnell's rules Senate braces for bitter fight over impeachment rules No Ordinary Trial: The Case on Trump's Impeachment Gets Underway GAO report poses evidence test in Trump impeachment trial House outlines impeachment case, Trump team has fiery answer Trump’s Impeachment Brief Performs Time Travel, 'Doesn't Even Bother' with 'Pretense of Lawfulness' ‘Garbage Dressed Up as Legal Argument’: Lawyers, Law Profs ‘Baffled’ by Trial Memo’s Defense of Trump FactCheck: Trump's Legal Defense The worst thing about Trump's answer to the impeachment articles Justice Dept. memos back defiance of impeachment subpoenas Trump Dismisses ‘GOA’ Finding That His Administration Broke the Law Trump backers and critics clash as impeachment trial nears Trump impeachment trial: Schumer vows to "force votes" on witnesses Charles Schumer’s 1999 letter about impeachment comes back to bite him And the Hypocrisy of Chuck Schumer Fox News' Chris Wallace says Lindsey Graham's view on impeachment witnesses 'directly contradicts' his 1999 position Cruz: Hearing from witnesses could extend Senate trial to up to 8 weeks GOP Threatens to Weaponize Witnesses Impeachment trial will test the unlikely bond between McConnell, Trump McConnell May Win Impeachment, Lose Senate The US is entering an era in which impeaching the president will be routine JFK's grandson called a Pence op-ed on impeachment a 'perversion of JFK's legacy' Is abuse of power an impeachable offense? Schiff dismisses "absurdist position" that abuse of power is not impeachable Dershowitz claims abuse of power is not an impeachable offense even if proven Dershowitz on Impeachment in 1999 Dershowitz says he's more correct on impeachment now than in 1998 ‘At Odds with Common Sense’: Law Professor Knocks Dershowitz’s Stance on Abuse of Power Look, The Framers Expected Presidents To Wildly Abuse Power, Okay? Trump Defense is Constitutional Nonsense House managers plan for Senate impeachment trial Trump assembles a made-for-TV impeachment defense team No escape: Senators to be quiet, unplugged for Trump trial How Trump Has Kept Solid GOP Support Through Impeachment Trump to Mingle With Elites in Davos as Impeachment Trial Opens AP Fact Check: Distortion in Trump's impeachment defense Dershowitz distances himself from White House response to Democrats' impeachment charges Dershowitz and Starr may bring a slightly more reality-based Trump defense Ken Starr And Alan Dershowitz Scheduled To Murder Irony At Senate Impeachment Trial Trump's lawyers shouldn't be allowed to use bogus legal arguments on impeachment Legal Experts Disparage Team Trump's 'Very Weak' Impeachment Brief Defense Team Calls Impeachment "Brazen" In Trump’s Impeachment, Republicans Don’t Even Know What They’re Covering Up Why Trump had to hire this legal odd couple That Time Brett Kavanaugh Sat There as Ken Starr Argued Clinton’s Invocation of Privileges Was an ‘Abuse’ Trump in 1999: Ken Starr Is a ‘Freak’ and ‘I Bet He’s Got Something in His Closet’ When Dershowitz Called Ken Starr Dangerous TFW You Learn Ken Starr Is Defending An Impeached President Five guidelines for the House impeachment managers First Amendment Groups Take Sen. McConnell to Task for Press Restrictions at Impeachment Trial ‘They’re Bracing for War’: Trump’s Impeachment Team Led by Jeffrey Epstein’s Defense Lawyers
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John Roberts Has the Power to Call Witnesses Roberts under pressure from both sides in witness fight
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New evidence shows a Nunes aide in close conversation with Parnas Rudy Giuliani ditches Lev Parnas: "I still feel sorry for him" New text messages put Devin Nunes on the hot seat Legal Experts Call for Nunes Investigation New Lev Parnas records detail Ukraine surveillance efforts, contact with Devin Nunes aide How Lev Parnas worked his way into Trump's world - and now is rattling it When Trump’s Thugs Turn on Him Parnas' Bombshells Jolt Impeachment Trial
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Trump's Stunning Tirade Against America's Generals
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How Trump Fused His Business Empire to the Presidency
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Goldman Poll: 87% Says Trump Wins Election
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Biden accuses Sanders of releasing doctored video to smear him over Social Security cuts
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Mike Bloomberg throws shade at Joe Biden as a looming “lame duck” Mike Bloomberg’s ad strategy is kind of working Bloomberg: "My story might have turned out very differently if I had been black" Mike Bloomberg, at site of racial massacre, vows aid for African Americans
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The bias against female presidential candidates is real Their gender didn't help other female presidential candidates - will Elizabeth Warren's help her?
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'The red wall is cracking': Buttigieg gets ovation after expecting protests Under criticism, Buttigieg changes plans and will attend King Day event in South Carolina Mayor Pete: Portrait of the BS Artist
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Sanders says age, gender, sexuality could all be construed as 2020 obstacles
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This Democratic candidate for president is touting a 10% tax cut
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New York Times endorses Warren and Klobuchar for 2020
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With two weeks until Iowa, the Democratic presidential candidates are getting aggressive - with each other
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Warren, Sanders try to move past feud as early voters sound alarm Biden, Buttigieg seek edge amid Warren-Sanders fight and impeachment complications
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Jared Kushner likes to show White House visitors the spot where Monica Lewinsky used to sneak into Bill Clinton's study
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Trump’s prayer event began with an inaccurate 2016 election map and ended with a rage-tweet
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Farmers still back Trump as president hits highest approval rate ever in agriculture poll
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Sen. Cornyn: There have been a "series of grifters" associated with Trump campaign
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Joe Biden Has a Corruption Problem
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GOP Dominance to Continue at State Level
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Fact Check: Trump’s compulsive claims of ‘biggest’ ever
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Is Mike Pence preparing to resign, assume the presidency, or both?
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GOP EX-Congressman Gets 2 Years in Prison
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Felons in Florida must pay all fees and fines before they can vote, state’s top court says
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The 2020 Democratic field is outraising Trump by a huge margin — that didn’t happen to Obama or Bush
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Facebook removes pro-Trump pages defending GOP candidate Robert Hyde
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Thousands gather for Women’s March rallies across the US
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‘Pretty nervy of you!’: Trump’s Palm Beach billionaire spat
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State challenges extensive spending by bankrupt Tim Eyman Spendy dinners and $79 haircuts: Tim Eyman isn’t living like someone who’s bankrupt, AG says
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Most Millennials Think Nuclear Attack Coming
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The Far Right is Going Global
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College Educated Voters Ruining US Politics
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E-Cigarettes:

Trump reportedly said 'I should never have done that f------ vaping thing,' expressing regrets over his involvement in e-cigarette policy
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Travel:

Court: Trivago Misleads Customers on Deals
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Economy:

The world’s 2,153 billionaires have more wealth than 4.6 billion people combined, Oxfam says Global wealth inequality is ‘founded on sexism,’ says Oxfam International
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Rising inequality eroding trust in capitalism - survey
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How the airline industry made inequality worse
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5 charts show the latest IMF forecasts for the global economy IMF Finds New Worries on Global Economy
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700 Years of Interest Rates and the Economy
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Trump says he ‘could get used to’ negative interest rates: ‘Love that’
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Bloomberg offers plan to tackle racial economic inequality
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The Big Number: U.S. birthrate drops to all-time low of 1.73
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Making Babies to Grow Economies Won't Work
(DBN)

The Truth About the Trump Economy
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Gary Cohn says Trump tariffs on China "totally hurt the United States" US-China Trade Deal Lacks Enforcement Trump's China deal was pitched as boon for working class, but he celebrated with Wall Street titans China will increase imports from U.S. according to 'market principles': official US-China Deal Not Even a Modest Win U.S.-China Trade Deal: A $40 Trillion Trap On Trump’s Wall Street Buddies? Trump’s China deal creates collateral damage for tech firms US Treasury’s Mnuchin says phase two trade deal with China may not remove all tariffs
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NAFTA 2.0: Mexico Eyes Closer Ties with China Is NAFTA 2.0 a Mistake?
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'Tariffs will absolutely bankrupt our business': US companies warn against Trump's plans to tax wine and cheese imports
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US Trade Deficit at 3 Year Low
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Q4 GDP Forecasts: 1.2% to 2.0%
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BLS: Job Openings "Fell" to 6.8 Million in November
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Shelton for Fed Faces Obstacles to Confirmation
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Industrial Production Decreased in December US manufacturing output rises unexpectedly
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Americans are flocking to these 10 cities where salaries have risen 25% or more in the last 5 years
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Davos elite back corporate social responsibility, but ‘their words are bigger than their actions’ World leaders in Davos confront a historic moment as critical to the future as the end of WWI Sanders, Warren are hot discussion topics as global elites gather in Davos In Davos, a search for meaning with capitalism in crisis Davos: Where World Order Remains Intact Davos bolsters security as protesters march toward venue Greta Thunberg warns Davos about climate risks Davos Plutocrats Warm Up to Trump Trump urges countries to ‘put their own citizens first’ at Davos as he touts US economic success Trump Rejects Prophets of Doom at Davos Trump tells Davos that U.S. economic revival is ‘spectacular’
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Davos 2020: The World is Drowning in Debt
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America's Main Allies Abandon Trump
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Manufacturers to spend $26.2 billion on 'upskilling' workers in 2020
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The No. 1 ‘happiest country’ in the world also has one of the highest suicide rates — economists have a theory why
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A simple tweak could tell us how much tax America's largest companies actually pay
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The attractions, and pitfalls, of Andrew Yang's remedies for America
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The global economy is likely to rebound in 2020, but the IMF warns of eerie parallels to the 1920s
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Only 12% Have Achieved This Retirement Goal
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RFK Jr: We've Destroyed Middle Class
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U.S. Freight Shipments Plunge At Fastest Rate Since 2009, Hit 2011 Level: This Is Getting Surprisingly Ugly
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Strategists warning investors to brace for tipping point for key drivers of the world economy
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US Debt Clock
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World Debt Clock
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How People Really Live
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Real Estate:

Does A Creative Bankruptcy Scheme Imperil Commercial Real Estate Lending?
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Developer Glenn Straub Arrested Over Liens
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US landlords grapple with thousands of store closures
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US housing starts reach highest level in 13 years after 'spectacular' December surge US housing starts soar 16.9% in December to a 13-year high Housing Starts increased to 1.608 Million Annual Rate in December Comments on December Housing Starts
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Phoenix Real Estate in December: Sales up 18.5% YoY, Active Inventory Down 31.2% YoY
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CAR on California December Housing: Sales up 7.4% YoY, Inventory down 26.5%, Lowest Inventory in "nearly seven years"
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Massive Plano Biz Park May be Foreclosed
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Unbuilding cities as high-rises reach their use-by date
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Municipalities:

Puerto Ricans discovered a warehouse full of unused food, water, and supplies from Hurricane Maria, resulting in the firing of the island's emergency manager Chaos in Puerto Rico as mob finds unused disaster supplies 2 more Puerto Rico officials fired after warehouse break-in Puerto Rico Governor Fires Emergency Manager After Residents Find Warehouse Full of Supplies
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Fireball blazes over Puerto Rico as locals fear 'end times' after earthquakes
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Puerto Ricans fear help may never come
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Dallas Wants to Give Millions in Tax Breaks to a Failing Pizza Delivery Startup
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Atlantic City Going Downhill Quickly
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Oil/Gas:

Decline in ‘Fracklog’ Shows Scale of Pullback by U.S. Shale Drillers
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Since June 2015, chapter 11s filed by oil & gas companies represent roughly $145 billion in aggregate liabilities
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Fire-damaged Philadelphia oil refinery heads for auction Philadelphia refinery hit with $132,000 fine for violations related to June fire
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Oil posts second straight week of declines as global demand concerns weigh
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Schlumberger Posts $10.1 Billion Loss
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Junk-rated energy firms speed to debt markets after 2019 drought
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McDermott Bankruptcy Filing Imminent McDermott said to file bankruptcy as soon as this week
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Climate:

The US saw 14 billion-dollar disasters in 2019 — the world's second-hottest year ever
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Climate not considered a top 10 risk by CEOs - survey
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A major climate change lawsuit was tossed by the 9th circuit court
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Why Australia’s fires are linked to floods in Africa Floods, road closures in Australia as storms lash some bushfire-hit regions Fires set stage for irreversible forest losses in Australia
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Australia's drought threatens to wipe out the platypus
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In Australia, a climate uprising
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IEA to track oil companies’ efforts on clean energy Oil and gas firms must invest in clean energy solutions to survive: IEA
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Dismantling 50 Yrs of Protecting Environment
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How Much Warmer Was Your City in 2019?
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Let’s Go Back to Calling It Global Warming
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What’s in Republicans’ new climate-change push
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BlackRock Has Bigger Weapons in Its Climate Armory
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Healthcare:

Judge Approves Buyer For Prague Hospital
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Eastern North Carolina hospital to be sold to Texas firm
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The coming Supreme Court showdown over birth control
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Private insurance is health care's pot of gold
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Medicare for All Would Save US Money
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Former health insurance executive: Current system is bankrupting country
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Good Samaritan strike postponed as buyer comes to table on contract
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Women denied abortions in financial distress years later, study finds
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Medicare for All and the Future of America’s Health Care Workforce
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Bankruptcy Crimes:

Decatur man who concealed assets from bankruptcy court sentenced
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Agribusiness:

Trump hails paydirt for farmers from his China and USMCA deals
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McMartin farm bankruptcies could wrap up this year
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Asset Protection:

California Retirement Plan For Asset Protection Purpose Fails To Qualify For Creditor Exemption In O’Brien
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Nuclear:

Is This the End of the Nuclear Age?
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Food/Beverage:

Krystal files for Chapter 11 bankruptcy Krystal restaurant chain files for bankruptcy
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Wine industry in a state of ‘near panic’ as it girds for impact of Trump tariffs
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US DOJ says not so fast to Bumble Bee’s FCF sale plans
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Firearms:

Gun industry gathers amid slumping sales, rising tensions
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Utilities:

Judge in PG&E bankruptcy case says 'time has come' to confirm an exit plan
(DBN)

Judge Presses PG&E on How It Will Protect Wildfire Victims’ Funds Given FEMA Demand
(DBN)

Governor’s 2020 Budget Signals State’s Willingness to Takeover PG&E
(DBN)

FEMA should leave California wildfire victims out of its fight with utility
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PG&E false records penalty grows from $65 million to $110 million
(DBN)

FEMA Reassures California Wildfire Survivors
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Newspapers:

Big City Papers Face Headwinds
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Chicago Tribune staffers seek new owners amid fears of hedge fund takeover: 'We're doing everything in our power to try to stop them'
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Aviation:

Boeing is in talks to borrow $10 billion or more as 737 Max crisis wears on
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Pharma:

Painkiller lawsuits take another turn
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Coal:

Report: Shakiest coal companies have most mine cleanup left
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Taxis:

Bill would aid New York cabbies who can’t make loan payments
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New Bankruptcy Opinions
(10 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
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Recent Ch. 11 Filings (14 new filings today)
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Recent Ch. 11 Adversary Proceeding Filings (20 new filings today)
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Bankruptcy Code (html) - Bankruptcy Code (pdf) Prior BK Codes (pick year from list) - Bankruptcy Rules
(large downloads)

UCLA-LoPucki Bankruptcy Research Database
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Chapter 11 Bankruptcy Case Studies
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Bankruptcy Jobs:

(1) (2) (3) (4) (5) (6) (7) (8)
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Seminars - (Contact us to list your seminar)

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Bankruptcy Statistics:

Restructuring Market Trends
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Bankruptcy filings edged up across Arizona in 2019
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Weekly Bankruptcy Claims Trading Activity
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Automatic Stay:

Supreme Court Rules "Now or Never" to Appeal Stay Relief Denials
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Make-Whole:

Fifth Circuit Reverses Course on the Enforceability of Make-Whole Premiums in Chapter 11
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Backstop Agreements:

Backstop Agreements Remain Common Source of Contention in Large Corporate Bankruptcies
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Third Party Releases:

Nonconsensual Third-Party Releases Remain an Option in the Third Circuit
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Bankruptcy Rules:

BK SD NY Adopts Interim SBRA Bankruptcy Rules
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Intercreditor:

Delaware District Court’s Decision Highlights Potential Pitfall for Intercreditor Agreements
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Fraud:

Federal court shuts down alleged pyramid scheme selling 'healthy' mushroom coffee and freezes executives' assets
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Astros scandal claims third manager Astros' Scandal Rewrites Baseball History
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Trump Wants Bribery Made Legal Good News For The Pro-Bribery Caucus, Trump Is On The Case!
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Telecoms:

Frontier Bankruptcy Reportedly Planned for Mid-March Frontier Communications reportedly considering filing for bankruptcy Frontier, an ISP in 29 states, plans to file for bankruptcy As Cord Cutting Grows, Frontier Communications Plans to File for Bankruptcy
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Cannabis:

Why the Illegality Doctrine Shouldn’t Apply to Cannabis Patents
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MedMen Stock Tanks as Bankruptcy Rumors Swirl Online Would a MedMen Bankruptcy Wipe Out Stockholders?
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Insurance:

Financially Troubled Florida Insurers Agree To Takeovers
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Autos:

Labor costs for Detroit automakers expected to increase upward of $1 billion by 2023
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Car buyers shun electric vehicles not named Tesla. Are carmakers driving off a cliff?
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Bloomberg Plan Calls for All Electric Cars
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VW Head: Era of Traditional Automakers Over
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Global Car Recession is Not Over
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Trucking:

Fleet bankruptcies add downward pressure to used truck prices
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Bankrupt Celadon Receives $14.5 Million Bid For Taylor Express
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Retailing:

Sears Woes Hit Hometown Stores
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The Desiccated Corpse of Sears, Which Does Not Have $200 Million, Owes Its Lawyers $200 Million
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Shoplifting reportedly rife as exclusive department store Barneys New York closes for good Barneys’ lights still on, but workers left in dark
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Papyrus parent to close all stores
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The Failure of the Forever 21 Empire
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Amazon’s warehouses are rapidly expanding across the country
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JC Penney Closing More Stores
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Could Payless rebound from bankruptcy?
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Religion:

The Amish Keep to Themselves. And They’re Hiding a Horrifying Secret
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Skiing:

This once bankrupt slope is doing something different in N.J.'s ski town
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Sovereigns:

Buybacks as a Sovereign Debt Restructuring Strategy: Why the Disfavor?
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UK:

Why Are Britain’s Carriers Unhappy With Flybe’s Rescue Deal?
(DBN)

UK department store retailer Beales enters administration
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Debt-laden mall operator Intu turns to investors for cash
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Shaylor creditors given no hope over missing money
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RPC hires business restructuring partner to bolster restructuring and insolvency capabilities
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This is how the 'Megxit' saga played out Yes, the UK media’s coverage of Meghan Markle really is racist Prince Harry and Meghan Markle are giving up their “royal highness” titles 7 questions about Harry and Meghan’s royal shake-up, answered Meghan Markle is hunting for luxury real estate in Canada’s billionaire’s row Netflix’s chief content officer expresses interest in working with Prince Harry and Meghan Markle Prince Harry makes first public comments on decision to step back from royal duties Prince Harry breaks silence on Megxit: ‘There was no other option’ Meghan Markle’s dad accuses daughter of ‘destroying’ the royal family Why Harry and Meghan moved to Frogmore Cottage and now will repay the cost of renovations
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PIIGS:

ie: Businessman has €60m debt written off by High Court in largest ever personal insolvency deal
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ie: Court approves debt for equity swap insolvency arrangement
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Creditors Start Checkup as Greece Seeks Lower Budget Targets
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Canada:

3 in 10 Canadians say they are already insolvent MNP reports
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'Tax revolt': Alberta towns say unpaid property taxes they’re owed from oil and gas companies have more than doubled Why many Alberta oil and gas companies aren’t paying their taxes
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Albertans' personal financial outlook falls hardest in Canada: report
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MENA:

Lebanon on 'brink of chaos and anarchy' as peaceful protests turn violent
Almost 400 Wounded in Lebanon Clashes Lebanon's political system faces collapse after weekend of violence Online Solidarity with Lebanese Protesters who Lost Their Eyes
(DBN)

Lebanon default "probable", deposit grab "possible" - Fitch
(DBN)

Lebanon Needs Reforms to Exit Debt Crisis: Daman Investments
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Lebanon bonds tumble most on record amid Fitch warning
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Dubai's biggest bank goes after debt-laden Al Jaber’s land in finance hub
(DBN)

Iran says it will examine the plane it shot down domestically — but a national air safety director admitted that the agency hasn't been able to open black boxes previously Four Decades of Conflict with Iran, Explained
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Hong Kong:

Thousands-strong Hong Kong protest cut short by clashes
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Moody’s Downgrades Hong Kong Rating Amid Political Turmoil
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China:

A great leap forward for bankruptcy and reorganization in China
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Belarus:

Special fund to pay salaries to employees of bankrupt companies suggested in Belarus
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Guernsey:

Guernsey overhauls corporate insolvency rules
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____________

Japan:

10 years after going bankrupt, JAL makes swift recovery
(DBN)

____________

India:

15 Key Developments In The Insolvency And Bankruptcy Code 2016, In The Year 2019
(DBN)

New payments formula for creditors in the works
(DBN)

Bidders for debt-laden Air India may get 45 days to submit bids
(DBN)

Bad loans swell at India shadow bank Altico
(DBN)

Lenders put cash flows of about 500 stressed companies’ under lens
(DBN)

____________

Kenya:

Kenya in talks with the World Bank for a whopping $1 billion in new loan
(DBN)

____________

Malaysia:

Malaysian PM Mahathir Says Received Five Proposals for Ailing Malaysia Airlines
(DBN)

____________

Australia:

Excite Holidays executives met with accounting giant KPMG just over six weeks before the wholesaler’s collapse to gain advice about restructuring the company.
(DBN)

Bar 9 liquidator 'can't see significant return to creditors'
(DBN)

____________

South Africa:

South African Airways in funding talks as state wavers on aid South Africa Readies Asset Sales as SAA Faces Funding Crisis SAA director Martin Kingston resigns amid cash crunch South Africa tries to secure funding for struggling SAA South African Airways says flights operating normally after bailout talks stall Cash crunch forces SAA to cancel flights
(DBN)

The ANC is playing fiddle with economy while SA burns
(DBN)

____________

Argentina:

Argentine who battled billionaire Paul Singer takes on creditors once again
(DBN)

Argentina’s Chubut Bonds Tumble as Province Seeks Debt Overhaul
(DBN)

____________

Venezuela:

The faces of Venezuela’s wide political divide
(DBN)

____________


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